The reasons why appointing a Professional Tax Adviser will Pay Dividends
Most individuals would benefit from regular professional tax advice during their lifetime, from those who have on-going annual requirements such as filling in the yearly
self assessment tax return, to individuals who only need the services of a tax adviser every few years. However, most people don't ever think to consult a tax adviser and often what they do not realise is that taking professional tax advice will nearly always pay for itself and much more in the long-term!
UK tax experts (as well as UK Chartered Accountants generally)provide individuals and businesses with tax advice for a wide range of situations, from VAT registration to year end accounts. However a good tax adviser will often help you to make savings well in excess of the fees they charge. For example:
O When completing your self assessment
tax return, reviewing your overall position to highlight where you can minimise your liability.
O Explaining tax efficient investments and how they can work for you.
O Structuring the sale of your property, investments or business so that the sale is made in a tax efficient way, minimising any Capital Gains Tax.
O Ensuring that all
tax returns (including corporation tax returns) are correctly completed, therefore reducing the chance of enquiry and the possible costs and stress of fighting this.
O Explaining tax laws so that you know when you can challenge assessments made by HM Revenue & Customs.
O Reminding you of various deadlines so that you do not face penalties, fines or interest.
O Explaining what inheritance tax planning you may wish to consider and outlining how you can reduce any potential tax bill.
Individuals are generally advised to seek professional tax advice if they are considering any significant change in their personal or professional circumstances as there could be tax consequences and savings to be made. It can help to have your situation assessed by someone impartial and in the know. Most qualified tax advisers will be happy to discuss your position free of charge initially and should be able to explain where they can help you to make savings. A good tax advisor should be able to offer you help on all aspects of tax law, from corporation tax returns to VAT registration.
About US: For expert tax advice provided by qualified professionals, contact Wisteria (www.wisteria.co.uk) or
Nick Tagg
info@wisteria.co.uk
020 8952 0140
Wisteria Limited
Cavendish House, 369 Burnt Oak Broadway, Edgware, Middlesex, HA8 5AW.